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Money Mozart: The Beginner's Guide To Investing

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Money Mozart - The Beginner’s Guide to Investing I believe that investing should be taught in all high schools.
Why?
There are two ways to make money: One is to work, and the other is to have your money work for you. I plan to continue to work – hard – and then retire to a simple life of cultural travel, reading, and writing – all while living in a house of industrial design in a remote place.
So, I need to work hard, and I need my money to work hard too. And I believe that the more people who are able to live the kind of life they want to, the better our world will be.
If you do not have an investment plan, if you are vaguely aware that your money flows into an account or two and then flows out as it should, …show more content…

(Pour yourself a scotch, and settle in for some research.)
And Here Are 3 Other Reasons To Invest In A Mutual Fund

1. It is easy to buy and sell mutual funds, which erases the fear that many first-time investors have of being stuck with worthless stocks.

2. The sheer number and diversity of mutual funds means that there is a mutual fund out there for you – funds that only invest in environmentally progressive companies, in social innovators, or in companies whose ethics make you swoon.

3. The mutual fund can invest in a range of stocks and bonds that you could not afford as a single investor.
Interested? Here’s How You Get Started.
Selecting a mutual fund is, in many ways, like buying stocks: You choose a fund that has reasonable fees, has shelves of satisfied investors, and has a history of a relatively strong performance, when compared to like funds.
Investing in a mutual fund is usually done in one of three ways: via a broker; directly from a company who manages funds, like Vanguard, Schwab, or T. Rowe Price; or from a mutual fund …show more content…

You may believe that a mutual fund managed by a human being, or a collection of them, (known as an actively managed fund) is a better bet than an index fund, which is designed to match a market index. To read about funds that try to track the Nasdaq Index, for example, click here.
The fact is that index funds usually give actively managed funds a run for their money (pun intended), and win many long races.
2. If you are investing with retirement on your mind, consider a lifecycle fund, where you choose the year within which you’d like to hang up whatever outfit it is you wear to work, and choose a fund that suits that timeframe.
Managers of lifecycle fund use less conservative philosophies in the funds early years, like choosing a higher percentage of stocks over bonds, and then become more conservative as your retirement year approaches.
3. A mutual fund’s prospectus reveals all you want to know about a mutual fund, though you do have to read it carefully to reap the benefits of its knowledge. And The US Securities and Exchange Commission has kindly published a bulletin with the purchase of teaching you how to read a

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